With low exchange fees. How Often Can You Learn And Earn On Okx … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also uses extremely high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discounts.
One huge downside of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information before proceeding. You likely won’t recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t generally face with traditional banking platforms. The best practices for keeping your financial accounts protected are similar. These consist of using strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of consumer possessions. It also has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to buy apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re offering our position and that we want to take revenue at this level what we wish to do is discover the distinction between these values which’s going to provide us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the How Often Can You Learn And Earn On Okx
distinction between the stop and the entry fine which’s going to give us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount okay so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter into this position when we’re using utilize the only thing it’s changing is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to use okay because if we just had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account that makes it impossible okay so let’s go over to buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open up our leverage okay and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is changing nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars weekly we’re selecting three winners a week fine we’re trying to give the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to start taking these trades I want to go over the guidelines that I would suggest using when growing a little account all right so the first rule is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 up to 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a bit larger the third thing and this is incredibly essential is everyone has a mental limit when it comes to how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades and that’s something that you truly want to prevent till you come comfortable doing that all right so state you work your method as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and just select a goal daily on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to 5 thousand dollars each week so I’m using you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my earnings fine so let’s enter the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is find an area where I have a newly established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
first pullback is 2 largest waves up to three pullback is 4 and after that the high is five and the way we can search for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my factor of one and you can see the rate action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our price action comes down through